Asset Management System

  • The organization shall establish, implement, maintain and continually improve an asset management system including the processes needed and their interactions.

  • The organization shall develop an asset management strategy which includes documentation of the role of the asset management system in supporting achievement of the asset management objectives.

Fundamentals of Asset Management

  • Value: Assets exist to provide value to the organization and its stakeholders

  • Alignment: Asset management translates the organizational objectives into technical and financial decisions and plans

  • Leadership: Leadership and workplace culture are determinants of realization of value

  • Assurance: Asset management gives assurance that assets will fulfill their required purpose.

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